Given the form of a typical production function, which of the following would have the greatest impact on the output of a country?
A) The amount of land increases by 13%.
B) The amount of capital rises by 12%.
C) The amount of labor rises by 12%.
D) The entrepreneurial ability/technology increases by 12%.
Correct Answer:
Verified
Q80: Which of the following increases productivity?
A) increased
Q81: Which of the following would be an
Q82: Which of the following would have the
Q83: Which of the following would promote long-run
Q84: In general, the higher the capital-to-labor ratio:
A)
Q86: According to the production function, which of
Q87: Developed nations tend to have:
A) limited labor
Q88: Which of the following is NOT a
Q89: Which situation indicates that total output in
Q90: Which one of the following is NOT
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